Johannesburg - Remember when, back in September, South Africa's government absorbed what would have been increases of 28 cents a litre for petrol and 31 cents for diesel?
Now it appears to be payback time, as the projected petrol price decrease for November is no more, while the diesel price hike will be greater than had been expected.
Month-end data from the Department of Energy had led us to believe that the price of petrol would have decreased by around 22 cents a litre in November, while diesel was heading for a 25 cent increase
However, the energy department announced on Monday that the price of petrol would remain unchanged in November, while diesel would increase by 48 cents (500ppm) and 51 cents (50ppm), on Wednesday, November 7. The wholesale price of illuminating paraffin will rise by 28 cents.
Thus motorists will still pay R16.85 a litre for 93 octane Unleaded and R17.08 for 95 Unleaded, with those at the coast paying R16.49 for 95.